flyExclusive, Inc. (FLYX) Balance Sheet
FLYX balance sheet, FY2026
March 31, 2026 · U.S. dollars$440.0M assets = $524.3M liabilities + −$84.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$84.3M).
Both columns are drawn to the same scale: what FLYX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FLYX financial health
Descriptive bands, not a rating. Fiscal FY2026.
FLYX balance sheet trends, FY2022–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $306.7MFY2022 | $440.0MFY2026 | +9.4%/yr | |
| Total liabilities | $257.0MFY2022 | $524.3MFY2026 | +19.5%/yr | |
| Shareholders’ equity | −$11.7MFY2022 | −$298.8MFY2026 | — | |
| Cash & short-term investments | $31.5MFY2022 | $29.3MFY2026 | −1.7%/yr | |
| Total debt | $172.2MFY2022 | $243.2MFY2026 | +9.0%/yr | |
| Net cash (debt) | −$140.7MFY2022 | −$213.8MFY2026 | −$73.1M | |
| Working capital | −$46.2MFY2022 | −$195.6MFY2026 | −$149.4M | |
| Book value per share | −$0.69FY2022 | −$10.97FY2026 | — | |
| Current ratio | 0.51FY2022 | 0.28FY2026 | −0.24 | |
| Shares outstanding | 16.9MFY2022 | 27.2MFY2026 | +12.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FLYX assets
FLYX liabilities and equity
FLYX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FLYX balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $29.3M | $97.2M | $82.9M | $92.6M | $31.5M |
| Cash & equivalents | $29.3M | $31.7M | $11.6M | $23.2M | $21.1M |
| Short-term investments | $0 | $65.5M | $71.2M | $69.4M | $10.4M |
| Receivables | $10.6M | $12.1M | $3.3M | $22.3M | $9.0M |
| Inventory | $5.1M | $5.7M | $5.1M | $5.9M | $2.0M |
| Other current assets | $29.4M | $28.9M | $25.5M | $10.6M | $5.9M |
| Total current assets | $74.4M | $144.0M | $116.8M | $131.3M | $48.4M |
| Property, plant & equipment (net) | $310.8M | $330.4M | $338.6M | $303.7M | $211.9M |
| Goodwill & intangible assets | $0 | $1.6M | $2.2M | $2.4M | $2.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $54.8M | $62.4M | $63.4M | $56.7M | $43.8M |
| Total assets | $440.0M | $538.3M | $521.0M | $494.2M | $306.7M |
| Liabilities | |||||
| Accounts payable | $30.7M | $20.3M | $30.2M | $21.8M | $18.0M |
| Short-term debt | $66.9M | $114.4M | $77.7M | $37.1M | $35.2M |
| Deferred revenue | $135.9M | $128.9M | $83.9M | $58.0M | $32.4M |
| Total current liabilities | $269.9M | $294.8M | $221.5M | $138.7M | $94.5M |
| Long-term debt | $109.7M | $140.9M | $166.8M | $222.7M | $102.7M |
| Lease obligations | $86.0M | $77.2M | $86.0M | $50.5M | $44.0M |
| Other long-term liabilities | $144.7M | $114.3M | $97.3M | $85.4M | $59.8M |
| Total liabilities | $524.3M | $550.0M | $485.7M | $446.8M | $257.0M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $9,000 | $8,000 | $8,000 | −$4.6M | −$11.7M |
| Retained earnings (deficit) | −$440.4M | −$244.2M | −$80.5M | −$4.6M | −$14.7M |
| Accumulated other comprehensive income | — | −$56,000 | −$69,000 | −$476,000 | $22,000 |
| Minority interest | $214.5M | $182.9M | −$11.1M | $52.5M | — |
| Total shareholders' equity | −$298.8M | −$195.7M | $46.5M | −$5.1M | −$11.7M |
| Key figures | |||||
| Total debt | $243.2M | $315.7M | $312.6M | $300.5M | $172.2M |
| Net cash (debt) | −$213.8M | −$218.4M | −$229.8M | −$207.8M | −$140.7M |
| Working capital | −$195.6M | −$150.8M | −$104.7M | −$7.3M | −$46.2M |
| Tangible book value | −$298.8M | −$197.3M | $44.2M | −$7.5M | −$14.4M |
| Book value per share | −$10.97 | −$8.22 | $2.79 | −$0.18 | −$0.69 |
| Shares outstanding | 27.2M | 23.8M | 16.6M | 28.1M | 16.9M |
| Current ratio | 0.28 | 0.49 | 0.53 | 0.95 | 0.51 |
| Quick ratio | 0.15 | 0.37 | 0.39 | 0.83 | 0.43 |
| Debt / equity | — | — | 6.73 | — | — |
| Equity / assets | −67.9% | −36.4% | 8.9% | −1.0% | −3.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $14.2M | $19.6M | $29.3M | $18.7M | $15.8M | $22.8M | $97.2M | $80.1M | $78.8M | $82.9M | $82.9M | $81.4M |
| Cash & equivalents | $14.2M | $18.7M | $29.3M | $18.7M | $15.8M | $14.7M | $31.7M | $18.7M | $9.3M | $11.6M | $11.6M | $10.3M |
| Short-term investments | — | $969,000 | $0 | $0 | $0 | $8.0M | $65.5M | $61.4M | $69.4M | $71.2M | $71.2M | $71.1M |
| Receivables | $13.7M | $12.5M | $12.7M | $12.4M | $12.4M | $12.4M | $12.1M | $10.4M | $9.2M | $3.3M | $3.3M | $2.2M |
| Inventory | $6.5M | $5.3M | $5.1M | $6.0M | $6.3M | $6.0M | $5.7M | $6.0M | $6.0M | $5.1M | $5.1M | $6.6M |
| Other current assets | $29.1M | $28.3M | $27.2M | $30.7M | $30.9M | $25.6M | $28.9M | $36.9M | $34.4M | $25.5M | $25.5M | $25.8M |
| Total current assets | $63.5M | $65.8M | $74.4M | $67.8M | $65.5M | $66.8M | $144.0M | $133.3M | $128.4M | $116.8M | $116.8M | $116.1M |
| Property, plant & equipment (net) | $316.9M | $323.2M | $310.8M | $325.8M | $330.4M | $346.2M | $344.5M | $303.4M | $319.7M | $338.6M | $314.7M | $314.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $1.2M | $1.3M | $1.5M | $1.6M | $1.7M | $1.9M | $2.2M | $2.2M | $2.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $59.0M | $60.3M | $54.8M | $53.3M | $46.2M | $52.3M | $48.2M | $48.7M | $44.7M | $63.4M | $87.3M | $97.0M |
| Total assets | $439.4M | $449.3M | $440.0M | $448.1M | $443.4M | $466.8M | $538.3M | $487.1M | $494.7M | $521.0M | $521.0M | $529.4M |
| Liabilities | ||||||||||||
| Accounts payable | $40.4M | $37.6M | $30.7M | $33.3M | $32.3M | $23.6M | $20.3M | $26.1M | $30.7M | $30.2M | $30.2M | $21.9M |
| Short-term debt | $72.3M | $76.3M | $66.9M | $81.9M | $73.7M | $73.6M | $114.4M | $124.6M | $66.4M | $77.7M | $77.7M | $115.2M |
| Deferred revenue | $131.4M | $129.7M | $135.9M | $129.7M | $122.8M | $126.6M | $128.9M | $87.5M | $79.4M | $83.9M | — | −$21.3M |
| Total current liabilities | $278.1M | $279.0M | $269.9M | $275.9M | $260.2M | $252.2M | $294.8M | $266.1M | $202.0M | $221.5M | $221.5M | $242.5M |
| Long-term debt | $94.0M | $92.1M | $109.7M | $114.8M | $107.7M | $114.5M | $140.9M | $137.8M | $205.4M | $202.1M | $166.8M | $0 |
| Lease obligations | $85.0M | $90.5M | $86.0M | $89.9M | $90.4M | $94.9M | $77.2M | $67.4M | $69.2M | $74.8M | $86.0M | — |
| Other long-term liabilities | $150.6M | $150.7M | $144.7M | $136.1M | $128.2M | $129.1M | $114.3M | $92.2M | $94.1M | $62.1M | $97.3M | $306.4M |
| Total liabilities | $655.5M | $521.8M | $524.3M | $526.8M | $496.0M | $495.7M | $550.0M | $496.2M | $501.5M | $485.7M | $485.7M | $548.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10,000 | $10,000 | $9,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | −$51.9M |
| Retained earnings (deficit) | −$457.0M | −$448.3M | −$440.4M | −$434.2M | −$287.0M | −$301.0M | −$233.4M | −$201.6M | −$149.5M | −$80.5M | −$80.5M | −$17.4M |
| Accumulated other comprehensive income | — | $3,000 | — | — | — | −$2,000 | −$56,000 | $109,000 | −$262,000 | −$69,000 | −$69,000 | −$811,000 |
| Minority interest | $106.0M | $119.9M | $214.5M | $305.6M | $161.6M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$220.0M | −$192.4M | −$298.8M | −$384.3M | −$214.2M | −$236.4M | −$194.6M | −$155.4M | −$128.1M | $46.5M | $46.5M | −$52.7M |
| Key figures | ||||||||||||
| Total debt | $229.8M | $236.8M | $243.2M | $265.1M | $249.0M | $260.9M | $315.7M | $315.1M | $325.9M | $312.6M | $312.6M | $398.5M |
| Net cash (debt) | −$215.5M | −$217.2M | −$213.8M | −$246.4M | −$233.2M | −$238.1M | −$218.4M | −$235.0M | −$247.1M | −$229.8M | −$229.8M | −$317.1M |
| Working capital | −$214.6M | −$213.2M | −$195.6M | −$208.1M | −$194.7M | −$185.4M | −$150.8M | −$132.9M | −$73.5M | −$104.7M | −$104.7M | −$126.5M |
| Tangible book value | −$220.0M | −$192.4M | −$298.8M | −$385.5M | −$215.5M | −$237.9M | −$196.2M | −$157.1M | −$130.0M | $44.2M | $44.2M | −$55.0M |
| Book value per share | −$4.08 | −$4.17 | −$10.97 | −$13.84 | −$7.71 | −$9.40 | −$7.95 | −$6.40 | −$6.68 | $2.79 | $2.79 | −$3.11 |
| Shares outstanding | 53.9M | 46.1M | 27.2M | 27.8M | 27.8M | 25.2M | 24.5M | 24.3M | 19.2M | 16.6M | 16.6M | 16.9M |
| Current ratio | 0.23 | 0.24 | 0.28 | 0.25 | 0.25 | 0.26 | 0.49 | 0.50 | 0.64 | 0.53 | 0.53 | 0.48 |
| Quick ratio | 0.10 | 0.12 | 0.16 | 0.11 | 0.11 | 0.14 | 0.37 | 0.34 | 0.44 | 0.39 | 0.39 | 0.34 |
| Debt / equity | — | — | — | — | — | — | — | — | — | 6.73 | 6.73 | — |
| Equity / assets | −50.1% | −42.8% | −67.9% | −85.8% | −48.3% | −50.7% | −36.2% | −31.9% | −25.9% | 8.9% | 8.9% | −10.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
FLYX financial position
At the end of fiscal 2026 (March 31, 2026), flyExclusive had total assets of $440.0 million (down 18.3% from a year earlier), total liabilities of $524.3 million and shareholders' equity of -$298.8 million. It held $29.3 million in cash and short-term investments against $243.2 million of debt, net debt of $213.8 million. Its current ratio was 0.28. In the latest quarter (ended June 30, 2026) total assets were $439.4 million and equity -$220.0 million.
Related: FLYX income statement, FLYX cash flow statement, FLYX key metrics. See the FLYX stock overview for the latest quote and news.
FLYX balance sheet FAQ
What are flyExclusive's total assets?
flyExclusive reported total assets of $440.0 million at the end of fiscal 2026 (March 31, 2026), compared with $538.3 million a year earlier.
How much debt does flyExclusive have?
flyExclusive had $243.2 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does flyExclusive have?
flyExclusive held $29.3 million in cash and short-term investments at the end of fiscal 2026; with $243.2 million of debt that is net debt of $213.8 million.
What is flyExclusive's book value?
flyExclusive's shareholders' equity (book value) was -$298.8 million at the end of fiscal 2026, or −$10.97 per share.
What is flyExclusive's current ratio?
flyExclusive had current assets of $74.4 million and current liabilities of $269.9 million, a current ratio of 0.28 (current liabilities exceed current assets).